This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. Owner financing is available up to $300k. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity!
For sale
Price cut: $75K (2/20)
$1,425,000
1301 W Main St, Red River, NM 87558
16beds
14baths
7,000sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$204/sqft
$-- HOA
What's special
- 192 days
- on Zillow |
- 303 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 08:35am
Listed by:
Jason B Taylor 505-252-1162,
Coldwell Banker Legacy 505-892-1000,
Nichole M. Bronstorp 505-209-1246,
Coldwell Banker Legacy
Source: SWMLS,MLS#: 1072539

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 14
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Microwave, Refrigerator
Features
- Flooring: Carpet, Laminate, Wood
- Has basement: Yes
Interior area
- Total structure area: 7,000
- Total interior livable area: 7,000 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,276.4 Square Feet
Details
- Parcel number: 1084169303075
- Zoning description: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Log Siding
Condition
- Resale
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Features: Barbecue
- Subdivision: Red River Townsite
Location
- Region: Red River
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $95,001
- Annual tax amount: $3,458
- Date on market: 10/16/2024
- Listing terms: Cash,Conventional,Owner May Carry
- Tenant pays: None
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